Site Selection
The City of Chattanooga offers resources to assist with site selection for local companies looking to expand operations as well as companies looking to open new offices or facilities in Chattanooga. The City of Chattanooga offers industrial and office parks. For information regarding the industrial parks click HERE. If you’re a local company needing assistance with site selection for relocation or expansion, contact Steve Hiatt at the Chattanooga Area Chamber at (423) 763-4333. For companies looking to establish new offices or facilities in Chattanooga, please contact Lindsay Hiatt at the Chattanooga Area Chamber at (423) 763-4337. Your company may also check zoning for specific parcels as well as calculate permits by clicking HERE.
HUD 108 Loan
The U.S. Department of Housing & Urban Development makes funding available to the City of Chattanooga for economic development purposes. The City of Chattanooga uses these funds for loans for small businesses. Small Business Loan Program provides businesses located in designated low-income census tracts or owned by members of a targeted population, which includes low-income persons and eligible minorities, with loans that can be used for most business purposes, including working capital, fixed assets, and others. Typical interest rates vary. Maximum amount available is $225,000. This program is administered by the Southeast Tennessee Development District and the City of Chattanooga. For additional information about this program, please contact Audra Kelly at akelly@sedev.org or 423-424-4247.
New Markets Tax Credits, Revolving Loan Funds, Opportunity Zones & SBA Financing
These financing tools are available to eligible companies.To learn more about New Markets Tax Credits, SBA Community Advantage Loans, or SBA 504 Loans, please contact a certified Community Development Financial Institution, such as BrightBridge Capital or Pathway Lending.
To learn more about potential Opportunity Zone projects or investment groups, please click HERE.
To learn more about the U.S. Economic Development Administration’s Revolving Loan Fund for eligible economic development projects and businesses, please contact Audra Kelly at the Southeast Tennessee Development District, at akelly@sedev.org or (423) 424-4247.
State Of Tennessee Incentives
The State of Tennessee offers incentives for companies making improvements to infrastructure and companies that are hiring and training employees. Learn more about the FastTrack Infrastructure Program; FastTrack Job Training Assistance Program; and the FastTrack Economic Development Fund by clicking HERE.
PILOTs and TIFs
The City of Chattanooga will consider PILOTs or TIFs for economic development projects with substantial capital investment and job creation numbers. For information regarding these programs, please contact Lindsay Hiatt at the Chattanooga Area Chamber at (423) 763-4337.